# AF Gruppen acquires 70% stake in Kanonaden Entreprenad

AF Gruppen acquired 70% of the shares in Swedish construction company Kanonaden Entreprenad AB, valuing the entire business at SEK 260 million.

- Type: Acquisition
- Announced: 2017-02-10
- Where: Sweden
- Value: $29.0M (260.0M SEK)
- Status: completed
- Products: construction and civil engineering services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [AF Gruppen](https://endata.com/companies/22119.md) (acquirer)
- [Kanonaden Entreprenad](https://endata.com/companies/22120.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/se/bird___bird/pressreleases/bird-och-bird-foretradde-af-gruppen-i-forvarvet-av-kanonaden-entreprenad-ab-2253880), 2017-02-10: "Bird & Bird har företrätt den norska bygg- och industrikoncernen AF Gruppen vid deras förvärv av 70 procent av aktierna i Kanonaden Entreprenad AB."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.